Sec Form 3/A Filing - Chang Jae @ GEN Restaurant Group, Inc. - 2023-06-27

Insider filing report for Changes in Beneficial Ownership
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FORM 3/A
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Chang Jae
2. Issuer Name and Ticker or Trading Symbol
GEN Restaurant Group, Inc. [ GENK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Co-Chief Executive Officer
(Last) (First) (Middle)
11480 SOUTH STREET, SUITE 205
3. Date of Earliest Transaction (MM/DD/YY)
06/27/2023
(Street)
CERRITOS, CA90703
4. If Amendment, Date Original Filed (MM/DD/YY)
06/27/2023
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class B Common Stock 2,772,151 D
Class B Common Stock 2,095,495 I See footnote. ( 1 )
Class B Common Stock 2,849,474 I See footnote. ( 2 )
Class B Common Stock 1,533,575 I See footnote. ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Sec urity: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Units ( 4 ) ( 4 ) ( 4 ) Class A Common Stock 2,772,151 D
Class B Units ( 4 ) ( 4 ) ( 4 ) Class A Common Stock 2,095,495 I See footnote. ( 1 )
Class B Units ( 4 ) ( 4 ) ( 4 ) Class A Common Stock 2,849,474 I See footnote. ( 2 )
Class B Units ( 4 ) ( 4 ) ( 4 ) Class A Common Stock 1,533,575 I See footnote. ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chang Jae
11480 SOUTH STREET, SUITE 205
CERRITOS, CA90703
X X Co-Chief Executive Officer
Signatures
/s/ Thomas Croal, attorney-in-fact 07/26/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The securities reported on this row are held by Juhee Han, Mr. Chang's spouse.
( 2 )The securities reported on this row are held by JC Holding Group, LLC. Mr. Chang is the ultimate control person of JC Holding Group, LLC, and an indirect beneficial owner of these shares. Mr. Chang disclaims beneficial ownership of these shares except to the extent of his pecuniary interst therein.
( 3 )The securities reported on this row are held by JC Group International Holding Inc. Mr. Chang is the ultimate control person of JC Group International Holding Inc., and an indirect beneficial owner of these shares. Mr. Chang disclaims beneficial ownership of these shares except to the extent of his pecuniary interst therein.
( 4 )The Class B Units of GEN Restaurant Companies, LLC are exchangeable, at the holder's option, on a one-for-one basis into shares of Class A Common Stock of the Issuer. Upon exchange of a Class B Unit, the corresponding share of Class B Common Stock will be automatically cancelled.

Remarks:
This Form 3 amendment is being filed to correct an error in the recorded holdings of Mr. Chang and certain affiliates, and to correct the inadvertent omission of certain entities affiliated with Mr. Chang on the Form 3.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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